SaveWise: The impact of a real-life financial education program for ninth grade students in the Netherlands

This experimental study with a pre-post and follow-up design evaluates the financial education program “SaveWise” for ninth grade students in the Netherlands ( n = 713). SaveWise adopts a holistic approach, emphasizing action rather than mere cognition. Benefitting from explicit instruction embedded in real-life contexts, students in the program set a personal savings goal and are coached on how to achieve it. The short-term treatment results indicated that SaveWise expanded the students’ level of financial knowledge; encouraged their intentions to save more, spend less and earn an income; and... Mehr ...

Verfasser: Amagir, Aisa
van den Brink, Henriëtte Maassen
Groot, Wim
Wilschut, Arie
Dokumenttyp: Artikel
Erscheinungsdatum: 2022
Reihe/Periodikum: Amagir , A , van den Brink , H M , Groot , W & Wilschut , A 2022 , ' SaveWise: The impact of a real-life financial education program for ninth grade students in the Netherlands ' , Journal of Behavioral and Experimental Finance , vol. 33 , 100605 , pp. 1-12 . https://doi.org/10.1016/j.jbef.2021.100605
Sprache: Englisch
Permalink: https://search.fid-benelux.de/Record/base-29593651
Datenquelle: BASE; Originalkatalog
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Link(s) : https://research.hva.nl/en/publications/c39b53f3-98b0-4b06-b88d-fc946af75ce4

This experimental study with a pre-post and follow-up design evaluates the financial education program “SaveWise” for ninth grade students in the Netherlands ( n = 713). SaveWise adopts a holistic approach, emphasizing action rather than mere cognition. Benefitting from explicit instruction embedded in real-life contexts, students in the program set a personal savings goal and are coached on how to achieve it. The short-term treatment results indicated that SaveWise expanded the students’ level of financial knowledge; encouraged their intentions to save more, spend less and earn an income; and broadly improved their financial and savings behavior. The program demonstrated that it could serve as an effective and low-cost method to enhance the financial literacy of pre-vocational students, a financially vulnerable group. Although long-term effects were expressed only through financial socialization, this study offers evidence linking curricula to increased knowledge and improved behavior for a specific sample of students.